Wise South Africa Licence Is Final. What the SARB Approval Allows
The SARB has formally appointed Wise as a Category Two forex dealer. What the Wise South Africa licence allows, what it leaves open and why it matters.
Regulation
Paystack Six Years After Stripe: Lending, a Bank Licence and The Stack Group
Paystack six years after Stripe is no longer just a payment gateway. It now has a microfinance bank, a lending plan and a new parent called The Stack Group.
Kenya’s fintech reforms promise clarity but could delay investment
Proposed amendments to Kenya's payment system regulations seek to give the Central Bank direct oversight over significant equity investments in payment firms. While the reforms aim to enhance market stability and compliance, required regulatory approvals could lengthen fundraising cycles for growing startups.
Malatsi wants South Africa’s AI policy back on track after false start
South Africa's Minister of Communications and Digital Technologies, Solly Malatsi, is working to rebuild the nation's national artificial intelligence policy framework. After withdrawing an earlier draft due to fabricated academic citations generated by AI, the ministry has instituted disciplinary proceedings and appointed an expert advisory panel to produce a verified policy.
Moniepoint UK made $36,284 after taking on MonieWorld customers
Moniepoint UK Limited generated $36,284 in revenue for 2025 following the migration of customers from its diaspora remittance product, MonieWorld. The figure reflects one month of activity as the group reassesses its UK market footprint amidst rising competition and operational expenses.
Africa Bitcoin Corporation's leadership crisis deepens
Africa's first listed bitcoin treasury company has lost its CEO after regulator FSCA debarred three executives over alleged share-price manipulation at its predecessor, Altvest. Reports now point to a board-level clash with shareholders.
pawaPay wins payments licence in Mozambique
Pan-African payments company pawaPay has received a Payment Service Provider licence from the Bank of Mozambique, letting it sign up merchants directly and connect them to the country's mobile money networks.
Five months after running out of capital, Chimoney gets a new owner
Financial technology startup Chimoney has been acquired by CapitalSage Vantage Limited, five months after announcing its closure due to capital depletion. The acquisition revives the cross-border payment platform, settles outstanding obligations, and secures a regulated pathway for international expansion.
Kenya’s central bank seeks powers to take over struggling fintechs
The Central Bank of Kenya is seeking enhanced regulatory authority to intervene in and directly manage troubled financial technology companies. The proposed legislative changes aim to protect consumer funds and preserve systemic stability across the digital financial services sector.
TikTok sued over alleged access restrictions in northern Nigeria
The Foundation for Digital Justice has filed a lawsuit against TikTok Inc. at the Federal High Court in Abuja over access restrictions affecting users in northern Nigeria. The legal action addresses alleged geoblocking across Kano, Kaduna, Kebbi, and Sokoto states.
Why VOA spends six months inside startups before deciding to invest
The insolvency proceedings of Koko Networks (UK) Limited have hit a hurdle as administrators fail to secure viable offers for its carbon credit assets. With major debt liabilities looming, creditors face near-total losses as the British entity progresses through a formal wind-down.
Koko’s carbon credits find no buyer as creditors fund UK wind-down
The insolvency proceedings of Koko Networks (UK) Limited have hit a hurdle as administrators fail to secure viable offers for its carbon credit assets. With major debt liabilities looming, creditors face near-total losses as the British entity progresses through a formal wind-down.